GBP/USD Yesterday, the British currency surged by 98 pips, overcoming two target resistances at once. However, the pound rose on average trading volumes, which means that you may still consider strategic selling. It is possible to expect a correction to the Fibonacci level of 38.2%, which is close to the lows of February 6th and…
EUR/USD Yesterday, the euro rose by 47 pips while risk assets increased across the market: stocks, commodities, and bonds. The single currency surpassed the signal level of 1.0696, and the Marlin oscillator broke through the linear resistance, as it continued to rise towards the boundary of the bullish territory. The euro likely aims to consolidate…
Analysis of GBP/USD 5M GBP/USD showed quite a strong rise on Tuesday. The macroeconomic background supported the pound. Although, we can’t say that it completely supported the British currency, but still, three out of four reports were in its favor. The UK Services PMI grew stronger than expected, while both US PMIs performed poorly. Therefore,…
Analysis of EUR/USD 5M EUR/USD continued to move inside an almost horizontal, but formally known as an ascending channel. Since the last rebound occurred from the lower boundary of the channel, the price rose to the upper boundary over the course of several days. The movement turned out to be absolutely predictable, although yesterday it…
With the appearance of Bearish 123 pattern which followed by the intersection of Death Cross from MA 20 with MA 50 give the sufficient information if this commodity asset in the near future has the potential to depreciated weakness downward to the level 2257,30 as the main target, and if the momentum as well as…
Overview of trading and tips on EUR/USD The price test of 1.0639 in the afternoon occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair’s downward potential – especially when it is trading in the sideways channel. After a short period of time, this level was tested…
Overview of trading and tips on GBP/USD The price test of 1.2309 in the afternoon occurred at a time when the MACD indicator had significantly dropped from the zero mark, which limits the pair’s downward potential – especially considering how much the pound had already lost in the morning. The second test of 1.2309 happened…
On the hourly chart, the GBP/USD pair on Monday completed a decline to the level of 1.2300, rebounded off it, and returned to the Fibonacci level of 61.8% (1.2363). The rebound of quotes from the level of 1.2363 worked in favor of the American currency and the resumption of the decline towards the level of…
Trade Analysis and Tips for Trading the British Pound The price test at 1.2356 in the first half of the day coincided with the moment when the MACD indicator began to move up from the zero mark, confirming the correct entry point for buying the pound. As a result, the pair rose by 25 points,…
Potential for the breakout on the EUR/USD… The material has been provided by InstaForex Company – www.instaforex.com